The global market for Composite Materials was valued at US$ 103084 million in the year 2024 and is projected to reach a revised size of US$ 179701 million by 2031, growing at a CAGR of 8.1% during the forecast period.
Composite materials are engineered materials composed of two or more distinct components that have significantly different physical or chemical properties that remain independent at a macroscopic level. Composites are designed to optimize specific properties for specific applications, such as high strength-to-weight ratios, stiffness, corrosion resistance, wear resistance, and thermal stability. Because they can tailor performance characteristics to their intended use, they are used in a wide range of industries, including aerospace, automotive, construction, sports equipment, and electronics.
Composite materials, as a new type of material composed of two or more materials of different properties through physical or chemical methods, have shown great market potential in multiple industrial fields due to their unique performance advantages.
In the field of aerospace, with the increasingly urgent demand for lightweight aircraft, the application of composite materials has become more and more extensive. Its light weight and high strength characteristics help to reduce the weight of aircraft, improve fuel efficiency, reduce operating costs, and enhance the structural strength and safety of aircraft. More and more key parts such as fuselage, wings, and engine components are made of composite materials. For example, China's aerospace composite material market accounts for a high proportion of the overall composite material market and is growing rapidly. Many domestically produced new aircraft models continue to increase the proportion of composite materials. In the future, with the continuous advancement of aviation technology, the global aerospace industry's demand for composite materials will continue to rise.
The automotive industry also favors composite materials. In order to meet the requirements of energy conservation and emission reduction and improve vehicle performance, automobile manufacturers are actively exploring the application of composite materials in automobile manufacturing. Composite materials are used to manufacture automobile bodies, parts, etc., which can significantly reduce the weight of the body, thereby reducing energy consumption and increasing the driving range. Especially for new energy vehicles, it can effectively improve the efficiency of battery use. In addition, the good design flexibility of composite materials can make the appearance of automobiles more diverse, enhance the corrosion resistance of parts and components, and extend the service life of automobiles.
In the field of energy, taking the wind power industry as an example, the blades of wind turbines are increasingly made of composite materials. Large, efficient wind turbines require longer, lighter and stronger blades to capture more wind energy. Composite materials just meet these needs, which can improve wind power conversion efficiency and reduce power generation costs. In the field of solar energy, composite materials can also be used to manufacture components such as brackets for solar panels, giving full play to their lightweight and durable characteristics.
In the electrical and electronic industry, composite materials are widely used in electronic equipment housings, printed circuit boards and other components because of their good insulation properties, electromagnetic shielding properties and dimensional stability. It can effectively protect internal electronic components, improve the stability and reliability of equipment, and meet the development trend of miniaturization and lightweight of electronic equipment.
With the continuous advancement of science and technology, increasingly stringent environmental protection requirements and the continuous pursuit of product performance improvement in various industries, the market potential of composite materials in various industrial application fields will continue to be explored and released, and its application scope will continue to expand, occupying an increasingly important position in future industrial development.
This report aims to provide a comprehensive presentation of the global market for Composite Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Composite Materials.
The Composite Materials market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Composite Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Composite Materials companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Owens Corning
Toray
Covestro AG
BASF
Hexcel
DuPont
Syensqo
Avient
Lanxess
GE Aviation
Celanese
Rolls-Royce Group
LG Chemical
Safran
SGL Carbon
Schunk
Sinomatech
CoorsTek
SQ Group
China Jushi Co., Ltd.
GRINM GROUP
Kingfa
Nippon Carbon
Segment by Type
Polymer Matrix Composite
Metal Matrix Composite
Inorganic Non-Metallic Matrix Composite
Segment by Application
Aerospace & Defense
Wind Energy
Automotive
Electrical & Electronics
Marine
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Composite Materials company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Composite Materials Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Polymer Matrix Composite
1.2.3 Metal Matrix Composite
1.2.4 Inorganic Non-Metallic Matrix Composite
1.3 Market by Application
1.3.1 Global Composite Materials Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Aerospace & Defense
1.3.3 Wind Energy
1.3.4 Automotive
1.3.5 Electrical & Electronics
1.3.6 Marine
1.3.7 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Composite Materials Market Perspective (2020-2031)
2.2 Global Composite Materials Growth Trends by Region
2.2.1 Global Composite Materials Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Composite Materials Historic Market Size by Region (2020-2025)
2.2.3 Composite Materials Forecasted Market Size by Region (2026-2031)
2.3 Composite Materials Market Dynamics
2.3.1 Composite Materials Industry Trends
2.3.2 Composite Materials Market Drivers
2.3.3 Composite Materials Market Challenges
2.3.4 Composite Materials Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Composite Materials Players by Revenue
3.1.1 Global Top Composite Materials Players by Revenue (2020-2025)
3.1.2 Global Composite Materials Revenue Market Share by Players (2020-2025)
3.2 Global Top Composite Materials Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Composite Materials Revenue
3.4 Global Composite Materials Market Concentration Ratio
3.4.1 Global Composite Materials Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Composite Materials Revenue in 2024
3.5 Global Key Players of Composite Materials Head office and Area Served
3.6 Global Key Players of Composite Materials, Product and Application
3.7 Global Key Players of Composite Materials, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Composite Materials Breakdown Data by Type
4.1 Global Composite Materials Historic Market Size by Type (2020-2025)
4.2 Global Composite Materials Forecasted Market Size by Type (2026-2031)
5 Composite Materials Breakdown Data by Application
5.1 Global Composite Materials Historic Market Size by Application (2020-2025)
5.2 Global Composite Materials Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Composite Materials Market Size (2020-2031)
6.2 North America Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Composite Materials Market Size by Country (2020-2025)
6.4 North America Composite Materials Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Composite Materials Market Size (2020-2031)
7.2 Europe Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Composite Materials Market Size by Country (2020-2025)
7.4 Europe Composite Materials Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Composite Materials Market Size (2020-2031)
8.2 Asia-Pacific Composite Materials Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Composite Materials Market Size by Region (2020-2025)
8.4 Asia-Pacific Composite Materials Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Composite Materials Market Size (2020-2031)
9.2 Latin America Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Composite Materials Market Size by Country (2020-2025)
9.4 Latin America Composite Materials Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Composite Materials Market Size (2020-2031)
10.2 Middle East & Africa Composite Materials Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Composite Materials Market Size by Country (2020-2025)
10.4 Middle East & Africa Composite Materials Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Owens Corning
11.1.1 Owens Corning Company Details
11.1.2 Owens Corning Business Overview
11.1.3 Owens Corning Composite Materials Introduction
11.1.4 Owens Corning Revenue in Composite Materials Business (2020-2025)
11.1.5 Owens Corning Recent Development
11.2 Toray
11.2.1 Toray Company Details
11.2.2 Toray Business Overview
11.2.3 Toray Composite Materials Introduction
11.2.4 Toray Revenue in Composite Materials Business (2020-2025)
11.2.5 Toray Recent Development
11.3 Covestro AG
11.3.1 Covestro AG Company Details
11.3.2 Covestro AG Business Overview
11.3.3 Covestro AG Composite Materials Introduction
11.3.4 Covestro AG Revenue in Composite Materials Business (2020-2025)
11.3.5 Covestro AG Recent Development
11.4 BASF
11.4.1 BASF Company Details
11.4.2 BASF Business Overview
11.4.3 BASF Composite Materials Introduction
11.4.4 BASF Revenue in Composite Materials Business (2020-2025)
11.4.5 BASF Recent Development
11.5 Hexcel
11.5.1 Hexcel Company Details
11.5.2 Hexcel Business Overview
11.5.3 Hexcel Composite Materials Introduction
11.5.4 Hexcel Revenue in Composite Materials Business (2020-2025)
11.5.5 Hexcel Recent Development
11.6 DuPont
11.6.1 DuPont Company Details
11.6.2 DuPont Business Overview
11.6.3 DuPont Composite Materials Introduction
11.6.4 DuPont Revenue in Composite Materials Business (2020-2025)
11.6.5 DuPont Recent Development
11.7 Syensqo
11.7.1 Syensqo Company Details
11.7.2 Syensqo Business Overview
11.7.3 Syensqo Composite Materials Introduction
11.7.4 Syensqo Revenue in Composite Materials Business (2020-2025)
11.7.5 Syensqo Recent Development
11.8 Avient
11.8.1 Avient Company Details
11.8.2 Avient Business Overview
11.8.3 Avient Composite Materials Introduction
11.8.4 Avient Revenue in Composite Materials Business (2020-2025)
11.8.5 Avient Recent Development
11.9 Lanxess
11.9.1 Lanxess Company Details
11.9.2 Lanxess Business Overview
11.9.3 Lanxess Composite Materials Introduction
11.9.4 Lanxess Revenue in Composite Materials Business (2020-2025)
11.9.5 Lanxess Recent Development
11.10 GE Aviation
11.10.1 GE Aviation Company Details
11.10.2 GE Aviation Business Overview
11.10.3 GE Aviation Composite Materials Introduction
11.10.4 GE Aviation Revenue in Composite Materials Business (2020-2025)
11.10.5 GE Aviation Recent Development
11.11 Celanese
11.11.1 Celanese Company Details
11.11.2 Celanese Business Overview
11.11.3 Celanese Composite Materials Introduction
11.11.4 Celanese Revenue in Composite Materials Business (2020-2025)
11.11.5 Celanese Recent Development
11.12 Rolls-Royce Group
11.12.1 Rolls-Royce Group Company Details
11.12.2 Rolls-Royce Group Business Overview
11.12.3 Rolls-Royce Group Composite Materials Introduction
11.12.4 Rolls-Royce Group Revenue in Composite Materials Business (2020-2025)
11.12.5 Rolls-Royce Group Recent Development
11.13 LG Chemical
11.13.1 LG Chemical Company Details
11.13.2 LG Chemical Business Overview
11.13.3 LG Chemical Composite Materials Introduction
11.13.4 LG Chemical Revenue in Composite Materials Business (2020-2025)
11.13.5 LG Chemical Recent Development
11.14 Safran
11.14.1 Safran Company Details
11.14.2 Safran Business Overview
11.14.3 Safran Composite Materials Introduction
11.14.4 Safran Revenue in Composite Materials Business (2020-2025)
11.14.5 Safran Recent Development
11.15 SGL Carbon
11.15.1 SGL Carbon Company Details
11.15.2 SGL Carbon Business Overview
11.15.3 SGL Carbon Composite Materials Introduction
11.15.4 SGL Carbon Revenue in Composite Materials Business (2020-2025)
11.15.5 SGL Carbon Recent Development
11.16 Schunk
11.16.1 Schunk Company Details
11.16.2 Schunk Business Overview
11.16.3 Schunk Composite Materials Introduction
11.16.4 Schunk Revenue in Composite Materials Business (2020-2025)
11.16.5 Schunk Recent Development
11.17 Sinomatech
11.17.1 Sinomatech Company Details
11.17.2 Sinomatech Business Overview
11.17.3 Sinomatech Composite Materials Introduction
11.17.4 Sinomatech Revenue in Composite Materials Business (2020-2025)
11.17.5 Sinomatech Recent Development
11.18 CoorsTek
11.18.1 CoorsTek Company Details
11.18.2 CoorsTek Business Overview
11.18.3 CoorsTek Composite Materials Introduction
11.18.4 CoorsTek Revenue in Composite Materials Business (2020-2025)
11.18.5 CoorsTek Recent Development
11.19 SQ Group
11.19.1 SQ Group Company Details
11.19.2 SQ Group Business Overview
11.19.3 SQ Group Composite Materials Introduction
11.19.4 SQ Group Revenue in Composite Materials Business (2020-2025)
11.19.5 SQ Group Recent Development
11.20 China Jushi Co., Ltd.
11.20.1 China Jushi Co., Ltd. Company Details
11.20.2 China Jushi Co., Ltd. Business Overview
11.20.3 China Jushi Co., Ltd. Composite Materials Introduction
11.20.4 China Jushi Co., Ltd. Revenue in Composite Materials Business (2020-2025)
11.20.5 China Jushi Co., Ltd. Recent Development
11.21 GRINM GROUP
11.21.1 GRINM GROUP Company Details
11.21.2 GRINM GROUP Business Overview
11.21.3 GRINM GROUP Composite Materials Introduction
11.21.4 GRINM GROUP Revenue in Composite Materials Business (2020-2025)
11.21.5 GRINM GROUP Recent Development
11.22 Kingfa
11.22.1 Kingfa Company Details
11.22.2 Kingfa Business Overview
11.22.3 Kingfa Composite Materials Introduction
11.22.4 Kingfa Revenue in Composite Materials Business (2020-2025)
11.22.5 Kingfa Recent Development
11.23 Nippon Carbon
11.23.1 Nippon Carbon Company Details
11.23.2 Nippon Carbon Business Overview
11.23.3 Nippon Carbon Composite Materials Introduction
11.23.4 Nippon Carbon Revenue in Composite Materials Business (2020-2025)
11.23.5 Nippon Carbon Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Owens Corning
Toray
Covestro AG
BASF
Hexcel
DuPont
Syensqo
Avient
Lanxess
GE Aviation
Celanese
Rolls-Royce Group
LG Chemical
Safran
SGL Carbon
Schunk
Sinomatech
CoorsTek
SQ Group
China Jushi Co., Ltd.
GRINM GROUP
Kingfa
Nippon Carbon
听
听
*If Applicable.
